world bank lending fiscal 2014 annual report 2014

WORLD BANK LENDINGFISCAL 2014

Annual Report 2014

The International Bank for Reconstruction and Development (IBRD), the

International Development Association (IDA), the International Finance

Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and

the International Centre for Settlement of Investment Disputes (ICSID) make up

the institutions of the World Bank Group.

The World Bank Group Strategy—adopted in October 2013—focuses on the

delivery of transformational solutions, marshals the combined resources of the

World Bank Group more effectively, and accelerates collaboration with the

private sector and other development partners.

In fiscal 2014, the World Bank, IFC, and MIGA collectively provided $65.6 billion in

loans, grants, equity investments, and guarantees to partner countries and

private businesses—including to multiregional and global projects.

World Bank Lending │ Fiscal 20142

The World Bank is comprised of the International Bank for Reconstruction and Development

(IBRD) and the International Development Association (IDA), and it is committed to the

goals of ending extreme poverty and boosting shared prosperity and to achieving both

goals in a sustainable manner. The World Bank provides financing, knowledge, and

convening services that help client countries address their most important development

challenges.

This year, the World Bank has undergone a historic institutional change. The implementation

of this change improves the World Bank’s ability to tailor solutions to specific

development challenges in such areas as institutions and governance; human

development and gender; sustainable development; and finance, trade, and private

sector development.

Solutions-oriented, focused on clients, accountable for quality results, dedicated to financial

integrity and cost-effectiveness, inspired and innovative, the World Bank is committed to

improving the lives of roughly a billion people now living in extreme poverty.


The International Bank for

Reconstruction and Development (IBRD)

Established 1944 │ 188 member countries

Fiscal 2014 commitments

$18.6 billion for 95 approved

operations in 41 countries

Cumulative lending (since 1945)

$605.5 billion

The International Development

Association (IDA)

Established 1960 │ 173 member countries

Fiscal 2014 commitments

$22.2 billion for 249 approved

operations in 74 countries

Cumulative lending (since 1960)

$290.9 billion

4 World Bank Lending │ Fiscal 2014

Note: Regional operations have been excluded from the country count, and joint IBRD-IDA operations are counted only once, as IBRD operations.


IBRD and IDA Board of Executive Directors and Alternatesas of June 30, 2014

President of the World Bank Group and Chairman of the Board of Executive DirectorsDr. Jim Yong Kim

Executive Directors Alternates

Gino Alzetta Gulsum Yazganarikan

Sundaran Annamalai Boonchai Charassangsomboon

Omar Bougara Nasir Mahmood Khosa

Juan Jose Bravo (vacant)

Shixin Chen Bin Han

Piero Cipollone Nuno Mota Pinto

Hervé de Villeroché Arnaud Delaunay

Cesar Guido Forcieri Ricardo Raineri

Jorg Frieden Wieslaw Szczuka

Vadim Grishin Eugene Miagkov

Merza H. Hasan Karim Wissa

Frank Heemskerk Roman Zhukovskyi

Gwen Hines Clare Roberts

Denny H. Kalyalya Louis Rene Peter Larose

Agapito Mendes Dias Mohamed Sikieh Kayad

Mansur Muhtar Ana Lourenco

Mukesh Prasad Mohammad Tareque

Satu-Leena Santala Giedre Balcytyte

Alister Smith Janet Harris

Hideaki Suzuki Daiho Fujii

Roberto Tan Rogerio Studart

Michael Willcock Bok-Hwan Yu

(vacant) Ibrahim Alturki

(vacant) Sara Margalit Aviel

(vacant) Wilhelm Rissmann

Fiscal Year Highlights

In fiscal 2014, the World Bank (IBRD/IDA) committed $40.8 billion to partner countries, distributed in credits, loans, grants, and guarantees.


In fiscal 2014, IBRD committed $18.6 billion for 95 new operations in 41 countries.

IDA committed $22.2 billion for 249 new operations in 74 countries.


IBRD’s $18.6 billion lending volume was higher than the precrisis historical average ($13.5 billion a year in fiscal 2005-08) as well as the $15.2 billion committed in fiscal 2013.


IDA commitments amounted to $22.2 billion in fiscal 2014, including $18.5 billion in credits, $2.8 billion in grants, and $937 million in guarantees.

The largest share of resources was committed to Africa ($10.2 billion), followed by South Asia ($8.5 billion).

As a result of rounding, numbers in the following figures may not add to totals, and percentages in figures may not add to 100.

All dollar amounts reported are current U.S. dollars.

Note

26%

15%

14%

12%

7%

26%

Share of total lending of $40.8 billion

AfricaEast Asia and PacificEurope and Central AsiaLatin America and the CaribbeanMiddle East and North AfricaSouth Asia

IBRD and IDA Lending by Region │ Fiscal 2014


7%

8%

16%

5%

8%4%1%

22%

17%

11%


Agriculture, Fishing, and ForestryEducationEnergy and MiningFinanceHealth and Other Social ServicesIndustry and TradeInformation and CommunicationsPublic Administration, Law, and Jus-ticeTransportationWater, Sanitation, and Flood Protec-tion

IBRD and IDA Lending by Sector │ Fiscal 2014


2%10%

20%

13%

13%1%

16%

3%

9%

4%

11%


Economic ManagementEnvironment and Natural Resources ManagementFinancial and Private Sector De-velopmentHuman DevelopmentPublic Sector GovernanceRule of LawRural DevelopmentSocial Development, Gender, and InclusionSocial Protection and Risk Man-agementTrade and IntegrationUrban Development

IBRD and IDA Lending by Theme │ Fiscal 2014


Brazil

India

China

Ukrain

e

Romania

Philippin

es

Moro

cco

Indonesia

Colom

bia

Tunisia

$0

$500

$1,000

$1,500

$2,000

$2,500

$2,019 $1,975

$1,615

$1,382 $1,374 $1,279

$1,096 $1,072

$870

$426 Co

mm

itm

en

ts (

$ m

illio

ns

)

IBRD Top-10 Borrowers │ Fiscal 2014


India

Pakista

n

Bangladesh

Nigeria

Ethio

pia

Vietn

am

Uganda

Tanzania

Kenya

Sri Lanka

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$3,134

$2,218

$1,888 $1,698 $1,624

$1,341

$764 $753 $612

$442 Co

mm

itm

en

ts (

$ m

illio

ns

)

IDA Top-10 Borrowers │ Fiscal 2014


Regional Lending by Theme and Sector

Africa Regional Snapshot


46%

10%4%2%

1%

38%



IDA Lending by Region │ Fiscal 2014The largest share of IDA lending went to Africa


11%

7%

18%

4%

9%5%1%

20%

14%

12%



Africa IBRD and IDA Lending by Sector │ Fiscal 2014


1%11%

19%

11%

8%<1%16%

2%

10%

7%

13%



Africa IBRD and IDA Lending by Theme │ Fiscal 2014


East Asia and Pacific Regional Snapshot


9%

9%

13%

1%

8%

4%1%20%

30%

5%



East Asia and Pacific IBRD and IDA Lending by Sector │ Fiscal 2014


<1% 11%

22%

12%

11%

13%

5%

10%

3%

14%



East Asia and Pacific IBRD and IDA Lending by Theme │ Fiscal 2014


Europe and Central Asia Regional Snapshot


2%

23%

25%25%

14%

11%



IBRD Lending by Region │ Fiscal 2014The largest share of IBRD lending went to Europe and Central Asia


8%2%

22%

8%

10%8%<1%

31%

2%9%



Europe and Central Asia IBRD and IDA Lending by Sector │ Fiscal 2014


6%4%

25%

12%19%

1%

11%

7%

1%

14%



Europe and Central Asia IBRD and IDA Lending by Theme │ Fiscal 2014


Latin America and the Caribbean Regional Snapshot


5%

13%

1%2%

14%

3%

36%

15%

12%



Latin America and the Caribbean IBRD and IDA Lending by Sector │ Fiscal 2014


1% 9%3%

14%

31%8%

8%

11%

1%

15%



Latin America and the Caribbean IBRD and IDA Lending by Theme │ Fiscal 2014


Middle East and North Africa Regional Snapshot


4%

8%

28%

8%4%8%

19%

15%

6%



Middle East and North Africa IBRD and IDA Lending by Sector │ Fiscal 2014


2%10%

31%

5%15%

7%

17%

4%1%

9%1%



Middle East and North Africa IBRD and IDA Lending by Theme │ Fiscal 2014



South Asia Regional Snapshot

5%

14%

23%

2%4%

3%

<1%13%

22%

13%



South Asia IBRD and IDA Lending by Sector │ Fiscal 2014


4%10%

21%

17%6%<1%

23%

<1%

9%

3%6%



South Asia IBRD and IDA Lending by Theme │ Fiscal 2014


Lending by Sector

37%

20%

15%

7%

4%

17%



Agriculture, Fishing, and Forestry IBRD and IDA Lending by Region │ Fiscal 2014


20%

16%

3%

19%

42%



Education IBRD and IDA Lending by Region │ Fiscal 2014


29%

12%

18%1%

3%

37%



Energy and Mining IBRD and IDA Lending by Region │ Fiscal 2014


20%

3%

23%

4%

39%

10%



Finance IBRD and IDA Lending by Region │ Fiscal 2014


29%

15%

16%

21%

6%

13%



Health and Other Social Services IBRD and IDA Lending by Region │ Fiscal 2014


27%

14%

25%

8%

6%

20%



Industry and Trade IBRD and IDA Lending by Region │ Fiscal 2014


20%

14%

3%57%

6%

Share of total lending of $381 million


Information and Communications IBRD and IDA Lending by Region │ Fiscal 2014


24%

14%

19%

21%

6%

15%



Public Administration, Law, and Justice IBRD and IDA Lending by Region │ Fiscal 2014


21%

27%

1%11%

6%

34%



Transportation IBRD and IDA Lending by Region │ Fiscal 2014


30%

8%

12%14%

4%

33%



Water, Sanitation, and Flood Protection IBRD and IDA Lending by Region │ Fiscal 2014


Lending by Theme

10%

3%

35%

7%5%

40%




Economic Management IBRD and IDA Lending by Region │ Fiscal 2014

30%

17%

6%12%

7%

28%



Environment and Natural Resources Management IBRD and IDA Lending by Region │ Fiscal 2014


26%

17%

17%

2%

11%

28%



Financial and Private Sector Development IBRD and IDA Lending by Region │ Fiscal 2014


23%

15%

12%13%

2%

34%



Human Development IBRD and IDA Lending by Region │ Fiscal 2014


17%

13%

20%

29%

8%

12%



Public Sector Governance IBRD and IDA Lending by Region │ Fiscal 2014


12%

23%

65%

1%



Rule of Law IBRD and IDA Lending by Region │ Fiscal 2014


27%

12%

9%6%7%

38%



Rural Development IBRD and IDA Lending by Region │ Fiscal 2014


23%

28%

37%

10%2%



Social Development, Gender, and Inclusion IBRD and IDA Lending by Region │ Fiscal 2014


29%

17%

11%

15%

1%

27%



Social Protection and Risk Management IBRD and IDA Lending by Region │ Fiscal 2014


45%

12%4%

4%

15%

20%



Trade and Integration IBRD and IDA Lending by Region │ Fiscal 2014


32%

19%17%

17%

1%

14%



Urban Development IBRD and IDA Lending by Region │ Fiscal 2014


Regional Lending History

2010 2011 2012 2013 2014$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

$8,203

$7,060 $7,525

$8,245

$10,616

Co

mm

itm

en

ts (

$ m

illio

ns

)

Africa Total IBRD and IDA Lending │ Fiscal 2010-14


2010 2011 2012 2013 2014$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

$9,000

$7,517

$7,997

$6,628 $6,247 $6,313

Co

mm

itm

en

ts (

$ m

illio

ns

)

East Asia and Pacific Total IBRD and IDA Lending │ Fiscal 2010-14


2010 2011 2012 2013 2014$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$10,816

$6,125 $6,595

$5,320 $5,527

Co

mm

itm

en

ts (

$ m

illio

ns

)

Europe and Central Asia Total IBRD and IDA Lending │ Fiscal 2010-14


2010 2011 2012 2013 2014$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

$13,907

$9,629

$6,629

$5,204 $5,068

Co

mm

itm

en

ts (

$ m

illio

ns

)

Latin America and the Caribbean Total IBRD and IDA Lending │ Fiscal 2010-14


2010 2011 2012 2013 2014$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000 $3,737

$2,065

$1,513

$2,058

$2,788

Co

mm

itm

en

ts (

$ m

illio

ns

)

Middle East and North Africa Total IBRD and IDA Lending │ Fiscal 2010-14


2010 2011 2012 2013 2014$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000 $11,334

$10,130

$6,446

$4,474

$10,539

Co

mm

itm

en

ts (

$ m

illio

ns

)

South Asia Total IBRD and IDA Lending │ Fiscal 2010-14


For more information visit

www.worldbank.org/annualreport2014


world bank lending fiscal 2014 annual report 2014

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